|Bid||7,872.65 x 0|
|Ask||0.00 x 0|
|Day's Range||7,842.00 - 7,940.00|
|52 Week Range||5,746.00 - 7,988.95|
|PE Ratio (TTM)||73.41|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
An Indian court on Tuesday imposed a fine of 4.5 million rupees ($70,000) on Nestle India (NEST.NS) in a 2015 case for selling substandard instant noodles after a laboratory test found high ash content in its popular Maggi brand. The court also slapped a 2.6 million rupee fine on the distributors of Nestle India, a unit of packaged food giant Nestle SA (NESN.S), said Ranjan Singh, a legal officer at the Shahjahanpur district court in the northern state of Uttar Pradesh on Wednesday. The case against the Swiss food firm's India unit is one of several filed by regulators after they found excess lead, ash, and monosodium glutamate (MSG), a flavour enhancer, in different samples of Maggi noodles seized in Uttar Pradesh between 2015 and 2016.
Nestle’s Maggi may be in a soup again in India. Over two years after its worst food safety controversy, the maker of the popular instant-noodle brand has run into trouble in the northern state of Uttar Pradesh. Authorities in the district of Shahjahanpur have slapped a fine of Rs45 lakh ($69,859) on Nestle India after…
Several food and drink multinationals and trade groups met in recent weeks to discuss how to lobby more effectively against Indian proposals for higher taxes and stricter labelling rules on fatty or sugary foods, sources familiar with the talks said. According to officials, Prime Minister Narendra Modi's administration has begun to look closely at policy proposals under discussion since at least 2015, raising concerns over the possible impact on the $57 billion sector.